Don’t buy it, build it

According to an article in the Home Section of the Sunday Times (4th Oct 2009) creating a home from scratch is now the cheapest option in some parts of Ireland:

“Outside Dublin, the average building costs per sq ft range from €75 to €91.  For example, it is €77.50 in Galway county (not city), €76 in Laois, €81 in Waterford, €91 Meath and €75 in Leitrim.  this means that building on a site in Loughrea, Co. Galway, on the market with planning permission for a 2,585sq.ft, four-bedroom, two-storey house, will have building costs of about €200,000.   When the site price of €120,000 is allowed for, the overall cost is €320,000, before furniture and fittings.  This compares favourably with houses of similar sizes in the area, priced from €360,000.”

Home Section, Sunday Times, pg.16

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